Flaunting Upgrade, San Antonio's AA-Plus Utility Sets $573M Sale

AUTHOR(S)

Albanese, Elizabeth

PUB. DATE

August 2002

SOURCE

Bond Buyer;8/9/2002, Vol. 341 Issue 31446, p1

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Reports the marketing of electric and gas system revenue bonds of the City Public Service in San Antonio, Texas. Credit rating of the bonds; Reimbursement for cash spent on gas distribution systems; Conversion of the computer system.

Reports on the credit ratings of general obligation bonds of the government in Phoenix, Arizona. Recovery from economic recession; Projections of valuation growth; Improvement city parks and facilities.

Reports the increasing general obligation bond rating of the Palm Beach County in Florida. Enhancement of the refunding bond sale; Amount of the average per capita income; Recognition of the diverse economic base.

Reports economic developments in the U.S. and Hawaii as of October 2002. Alteration of the credit rating of Oakland Unified School District; Increase of Medicare reimbursements; Presentation of bond measure to the voters.

Reports on the role of a gilt-edged credit rating in the success of Georgia's $240.4 million general obligation bond sale in the competitive sector on August 5, 1997. State officials' hopes of generating investor interest in the bond issue through the top-notch credit rating; Ratings of the...

Reports on the plans of Richland County School District No. 2 in South Carolina to issue $73.3 million of government obligation bonds in a competitive sale. Objective of issuing the bonds; Counsel for the sale; Ratings given to the bonds by credit rating companies.